To: MAYOR AND CITY COUNCIL
From: MICHAEL W. WEBB, CITY ATTORNEY CHERYL PARK, ASSISTANT CITY ATTORNEY
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APPROVE ENGAGEMENT LETTER FOR LEGAL SERVICES WITH NOSSAMAN LLP AND ADD THE LAW FIRM OF NOSSAMAN LLP TO THE CITY ATTORNEY'S APPROVED LAW FIRMS LIST
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EXECUTIVE SUMMARY
The City Attorney's office maintains a list of approved law firms and attorneys from which to select when special expertise is required on legal matters. There is a need for bond counsel in connection with Measure FP. As you are aware, in November 2024, Measure FP was passed by the voters, which approved the issuance of City of Redondo Beach General Obligation Bonds in an amount not to exceed $93,350,000 ("Bonds"), the proceeds of which will fund the reconstruction of Fire Station #1, Fire Station #2, and the Police Headquarters, and renovation of the Police Annex facility ("Project"). If this Engagement Letter for Legal Services is approved, Nossaman LLP will act as Bond Counsel for the City of Redondo Beach.
BACKGROUND
Nossaman LLP has 11 office locations across the United States, with four of the offices being in California in the cities of Los Angeles, Irvine, San Francisco and Sacramento, and the other offices located in Austin, Texas, Denver, Colorado, New York, New York, and Phoenix, Arizona, Tucson, Arizona, Seattle, Washington, and Washington, DC.
Nossaman has served as bond counsel, disclosure counsel, and issuers' counsel to public entities throughout the State of California in a broad range of finance transactions for over 45 years. Nossaman's bond and disclosure counsel experience extends to local government issuers throughout the State of California, in a variety of debt issues, including General Obligation Bonds, lease revenue bonds, certificates of participation, Mello-Roos CFD special tax bonds, water and sewer revenue bonds, special assessment and contractual assessment revenue bonds, including 1913 and 1915 Act assessment bonds, redevelopment and suc...
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